Centralization of Broader Real Estate Authority (CBREA) Proposed Legislative Amendments
Bill or Act:
Reducing Inefficiencies Act (Infrastructure Statute Law Amendments), 2023
Summary of Decision:
Bill 69 included proposed amendments to the Ministry of Infrastructure Act, 2011 and complementary amendments to nine (9) Acts to establish a framework to remove and/or modify the realty authority of prescribed entities and to provide the Minister of Infrastructure with control of interests in real property previously under the control of the prescribed entities.
The legislative changes would also establish new Lieutenant Governor in Council (LGIC) and Minister's regulation making authorities under the Ministry of Infrastructure Act, 2011.
Schedule 2 of Bill 69 would come into force on a day to be named by proclamation of the Lieutenant Governor.
Analysis of Regulatory Impact:
The legislative amendments would not place any new additional compliance or administrative burden on regulated entities, including for-profit businesses (ex. third party landlords).
May 25, 2023
Summary of Proposal:
The Ontario Government's real estate portfolio is one of the largest in Canada. Accountability is highly distributed across numerous entities and ministries. The government is working towards a holistic approach for the management and decision making of real estate.
A holistic approach would allow the province to better maintain and manage office space, resulting in long-term efficiencies in real estate management and decision-making. Moving forward, it would also reduce duplication and help identify real estate that could be used for projects that people in Ontario need the most, like affordable housing and long-term care for projects.
Phase 1 of the Centralization of Broader Real Estate Authority (CBREA) initiative focuses on entities that primarily hold/use office space that can leverage the Ministry of Infrastructure's existing model to use office space more efficiently.
The proposed legislative amendments would establish a framework to remove and/or modify the realty authority of 14 entities and to provide the Minister of Infrastructure with the ability to oversee and manage this real estate This would help improve the management of realty property across ministries and entities.
In addition to proposed legislative amendments to the MOI Act, there are complementary amendments proposed to the following nine (9) Acts to ensure that certain entities do not have the ability to hold interests in real property to be consistent with the limits imposed under the proposed new section 11.0.1 of the MOI Act:
1. AgriCorp Act, 1996
2. Arts Council Act
3. Building Opportunities in the Skilled Trades Act, 2021
4. Capital Investment Plan Act, 1993
5. Education Quality and Accountability Office Act, 1996
6. Financial Services Regulatory Authority of Ontario Act, 2016
7. Fire Protection and Prevention Act, 1997
8. Human Rights Code
9. Securities Commission Act, 2021
Ministry of Infrastructure, Realty Policy Branch, 777 Bay Street, 2nd Floor, Toronto, Ontario, M7A 2J3
Royal Assent Date:
May 18, 2023